River Arts Of Morrisville Inc
- Assets
- $1.1m
- Revenue
- $461.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Morrisville, VT
- Founding
- 01/2002
- Data as of
- 12/2023
- EIN
- 03-0368569
Organization Overview
River Arts Of Morrisville Inc is located in Morrisville, VT. The organization was established in 2002. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, River Arts Of Morrisville Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Arts Of Morrisville Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, River Arts Of Morrisville Inc generated $461.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $385.6k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RIVER ARTS MISSION IS TO ENRICH THE COMMUNITY THROUGH THE ARTS. WE ARE COMITTED TO PROVIDING MULTI-DISCIPLINARY ARTS OPPORTUNITIES AND MAKING THE ARTS ACCESSIBLE FOR EVERYONE NO MATTER THEIR ABILITY, AGE, OR FINANCIAL MEANS. FROM VISUAL MEDIA, WRITING & POETRY, DANCY, CERAMICS, CULINARY ARTS, PERFORAMNCE, MUSIC AND FIBER ARTS, RIVER ARTS OFFERS A WIDE RANGE OF PROGRAMS THROUGHOUT THE YEAR FOR ALL AGES. WE'RE ALSO A GATHERING PLACE IN OUR COMMUNITY FOR MANY PRIVATE EVENTS; FROM ARTISANAL MARKETS AND FISH FRIES TO FAMILY CELEBRATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023 RIVER ARTS OFFERED 125 PROGRAMS INCLUDING ADULT, YOUTH, AND ELDER ARTS CLASSES, SERVING 5,230 INDIVIDUALS. FINANCIAL ASSISTANCE WAS PROVIDED TO 225 PARTICIPANTS. WE HOSTED 5 EXHIBITIONS FOCUSED ON LOCAL ARTISTS AND A COMMUNITY BASED COLLECTION, 5 FREE COMMUNITY PROJECTS, AND COLLABORATED WITH OVER 15 COMMUNITY PARTNERS. COLLABORATIONS INCLUDED FOREST HILL RESIDENTIAL CARE HOME FOR ELDER ARTS PROGRAMS, UNBOUND AFTER SCHOOL PROGRAM WITH PEOPLE?S ACADEMY MIDDLE SCHOOL, OUR KINDER ARTS PROGRAM FOR FREE PROGRAMMING FOR TODDLERS, A RESTORATIVE ARTS PROGRAM WITH NORTHEAST VERMONT RECOVERY CENTER, AND WINTER WELLNESS PROGRAM FOR MIDDLE AND HIGH SCHOOL STUDENTS. RIVER ARTS CONTINUES TO SERVE AS A COMMUNITY ART CENTER FOR MORRISTOWN AND BEYOND WITH A DEDICATED MISSION OF ARTS FOR EVERYONE.
SPACE RENTAL FOR PRIVATE EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Drews-Sheldon Executive Dir. | Trustee | 40 | $65,000 |
Amy Kolb Noyes Chairman | OfficerTrustee | 1 | $0 |
Zoe Bedell Vice President | OfficerTrustee | 1 | $0 |
Caroline Mckinney Secretary | OfficerTrustee | 1 | $0 |
Mary Jane Crouse Treasurer | OfficerTrustee | 1 | $0 |
Nan Carle Beauregard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,945 |
| Related organizations | $0 |
| Government grants | $45,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $229,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,460 |
| Total Program Service Revenue | $109,386 |
| Investment income | $8,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,367 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $461,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation of current officers, directors, key employees. | $32,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,501 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,122 |
| Payroll taxes | $16,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,956 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,442 |
| Advertising and promotion | $4,545 |
| Office expenses | $9,775 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,247 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,576 |
| Insurance | $7,808 |
| All other expenses | $862 |
| Total functional expenses | $385,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,105 |
| Savings and temporary cash investments | $204,921 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,392 |
| Net Land, buildings, and equipment | $582,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,122,990 |
| Accounts payable and accrued expenses | $1,648 |
| Grants payable | $0 |
| Deferred revenue | $230 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,486 |
| Total liabilities | $9,364 |
| Net assets without donor restrictions | $913,626 |
| Net assets with donor restrictions | $200,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,122,990 |